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Wednesday, December 18, 2013

Singapore Stock Chart OEL

OEL today show strength despite market weakness, price break above previous day high with Higher volume. We also see that the price have broke the resistance line, this is a good sign to tell us that the Uptrend is still intact. Currently price is also near the 20ma at 0.113, the 20ma is good indicator for a trailing stoploss if one had entered this stock.